Qantas has best performance in 95-year history, first-half underlying profit soars

Tue, 23 Feb 2016

By Fiona Rotherham Feb. 23 (BusinessDesk) - Australia’s biggest airline Qantas’s underlying performance in the 2015 calendar year was the best in its 95-year history through revenue growth, cost cutting and lower fuel prices, along with benefits from ending its damaging domestic war with Virgin Australia two years ago. Underlying profit before tax rose 151 percent to A$921 million in the six months ended Dec. 31, while net profit after tax jumped to A$688 million from A$203 million, the Sydney-based company said in a statement. The calend...

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